* James Ford, president and CEO, will continue to lead combined team of professional bankers

* Central Valley Community Bancorp sees deal to be 1.8% dilutive to tangible book value/share initially resulting in tangible book value earnback of less than 2.5 years

* Expects transaction will be 3% accretive to earnings per share in 2018 and an irr greater than 15%

* Central Valley Community Bancorp- Robert Flautt, president, CEO of Folsom Lake Bank will join Central Valley Community Bank through transition period

* Central Valley Community Bancorp- directors, certain executives of Folsom Lake entered into agreements to vote their shares of Folsom Lake in favor of deal Source text for Eikon: Further company coverage: